No, that wasn't the point at all. The point was you will have to pay 28% tax on the ever drive fundraiser due to this new law - which is false.
But back to the new point that has appeared - if you are selling for profit, you should be keeping records anyway. All this law does is stop people who are in business but not paying tax. The 20k allowance (AND 200 separate transactions) will never effect a garage sale/house clear out style sales for people.
Anyway, I have slightly derailed the topic. Will leave it at that.




Reply With Quote
















Bookmarks